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SPY (You like the sneakers?)Looks like we may be at a pivot point. We are at an overbought area on the RSI. I believe that this may be an "abc" corrective wave pattern. We may be coming off of the C part of the wave. I didnt want to over mark the chart. Looking for a 61% Fibonacci retracement to the previous low. It's a fair fight around this area regarding bulls and bears volume so I recommend looking at volume analysis before we really see where price may go. Price may need to test this 200 HMA. However, I have my reasons to believe that this current rally needs a cooling down. What do you think?
AMEX:SPYShort
by Redimere_91
GM (You like the Shoe?)We may be around an area where there is usually a good amount of sell volume. We are also on our third green wick'd candle within the last day. Of course we are overbought on the RSI and our current wave may be at its 161% threshold. I believe its a reverse abc pattern. Price is definitely at an important level where we should be able to see if price can push through the trend line. Until that point is proven, I'd like to see it test its recent low. Let's see how the open goes. Not advice.
NYSE:GMShort
by Redimere_91
(SPY) Triple Top FormingThe SPY chart is forming a beautiful triple top pattern, and with the up coming FED rate hike and (-) Q2 GDP data confirming a technical recession releasing July 28th. I believe that the triple top will be completed around the 29th of this month, and the SPY will drop to the bottom of the overall trend line at around $360. Also in this chart you can see that the SPY has strong resistance at the $390 price range and rejects hard back to support roughly at $370. Let me know what you guys think in the comments.
AMEX:SPYShort
by markriah22
2
(AAPL) Apple Analysis I'm basing this analysis on the tools listed below in addition to my own observation of APPLs reaction to key FED data and market health indicator data. Apple has surpassed the bearish trend line channel shown in black, without fail the stock returned to the bottom of the channel fast and hard when this occurs. I believe we are currently in a technical recession and that hasn't been fully priced in because the FED and the White House don't want to put that idea officially in the market for their own best interest... if you were President would you want to be known for having a recession during your time in office... with re-elections coming up... I think not. There is a reason some of the biggest companies have opted for splits during this time, it's because they see the writing on the wall and much harder times coming 2022 - 2023 but I digress, check the chart and good trading. -The red vertical lines indicate a day of important market moving data -The yellow adjacent squares represent a mirroring overall pattern noticed between the two sections after crossing the above mentioned red data lines -The yellow line running parallel is the 200 EMA -The green dots are key areas that seem to occur just before and after key (-/+) data releases -The green line is the projected path of next weeks -The Black lines are the high & low trajectory channel of the bearish trend since the stock peaked in December 21' $129 Retest before earnings Tools 200 EMA, Swing High & Low Candles, and Trendlines W/ Breaks
NASDAQ:AAPLShort
by markriah22
$SPY - Burning All PutsYes! I expect us to break the recent low. Two major gap downs on 6/10 is VERY bearish. If you have two large gaps like that, it means we have a lot of selling pressure, which we're not done selling off, however, it might not happen within the next month as we need to continue our upside move first as I stated in my past posts. I would be cautious on going short/puts since we have a bullish setup on the chart. We could easily go up and meet my daily resistance trend highlighted in yellow, reject, and then move higher with us eventually (possibly) hitting the uppermost key resistance trend that I've outlined in teal before moving back down. You may use me as an indicator, but overall I am long in the interim.. till next time! :-)
AMEX:SPYLong
by theapearmy
This channel is the current trend that I see. Pay close attention to the macro trend lines. Price action around these macro trend lines should tell you if trend reverses; it did not reverse today. I have the Cash in/Cash out report set to 10 days in this example. The indicator quiets market noise, today was noise. Give the indicator a like if it makes or saves you money. If the indicator gets 1,000 likes I will make it a free app for both IOS and Android! Indicator found here Get your money back frens!!!
AMEX:SPYShort
by Johnny_Nickles
$ROKU short term bounce?$ROKU suffered a lot in the past few months after missing earnings and continues downtrend in the overall market. on this bearish market, its really hard to predict movement for bullish move. per #strat technical perspective; $ROKU is starting to gain more momentum after last week's slow and small rally. Despite the small rally from last week, the seller ratio still ratio is still higher than the buy volume. Below is my buy and sell target for ROKU For scalp or day trade moves. For calls; buy above $85 and sell at 86.04 or above For puts, buy below 80.30 and sell at 79.28 or below ============================================================ Welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock might possibly go the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions on which stocks I should analyze, please leave a comment below. If you enjoyed this analysis, I would appreciate it if you smash that LIKE button and maybe consider following my channel.
NASDAQ:ROKULong
by CHRIS_B58
$AMD's Bearish SetupWe recently saw a huge big green candle and then gapped down on Friday. Both of which retested the top of the wedge and failed to get over. That itself lends to bearish sentiment and is a bearish move in the making. While the green candles look bullish, the price action has yet to get back over the top of the wedge and until it does, the price emphasizes a bearish trend, so the bulls will want to get that back above the wedge. Current position: I am still short on $AMD ($100 Put) and will monitor it to test the bottom of the wedge.
NASDAQ:AMDShort
by theapearmy
1